Thomson Reuters Christine Lagarde warned that trade tensions are leading to clouds accumulating on the horizon of the global economy which are “getting darker by the day.” “The clouds on the horizon that we have signaled about six months ago are getting darker by the day, and, I was going to say, by the weekend,” Lagarde said in Berlin on Monday The comments were made following the G7 summit which ended with anger over trade tariffs. The managing director of the IMF, Christine Lagarde has warned that clouds accumulating on the horizon of the global economy are “getting darker by the day” amid the threat of a trade war and tit-for-tat tariffs. The comments came after Trump left the G7 summit early calling Canadian Prime Minister Trudeau “dishonest and weak,” argued with leaders on trade and refused to sign a communique with them.See the rest of the story at Business InsiderNOW WATCH: From affordable housing to money transfers for immigrants — a $1 billion impact investor explains how she makes money while making the world a better placeSee Also:Trump's trip to the G7 summit was a 'burning tire fire' that could push the US into a full-on trade warHow long it might take North Korean missiles and nuclear warheads to reach major US cities28 stars you didn't know were in the 'Star Wars' movies
Comment on IMF: Clouds over the global economy are 'darker by the day'
mselbygreen@businessinsider.com (Michael Selby-Green), Business Insider
Tue, 06/12/2018 - 1:51am
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